G2TT
来源类型Discussion paper
规范类型论文
来源IDDP377
DP377 Exchange Rate Policy, Inflation and Unemployment: The Experience of the Nordic EFTA Countries
Thorvaldur Gylfason
发表日期1990-02-01
出版年1990
语种英语
摘要This paper reviews the exchange rate policy experience of the Nordic EFTA countries (Finland, Iceland, Norway and Sweden) since the early 1970s. The paper briefly describes the main features of the national economies of the Nordic EFTA countries in an international perspective and their exchange rate arrangements in particular, and then attempts to asses the principal advantages and disadvantages of these and alternative arrangements from the Nordic point of view. The paper also tries to evaluate macroeconomic performance in these countries since the early 1970s in view of the exchange rate and other policies that have been followed, with special emphasis on their devaluation record during 1976-82 and the credibility of current policies. In particular, the Nordic EFTA countries have experienced considerably less unemployment (as intended) at the cost of more inflation and, to a lesser extent, a weaker external position than other industrial countries on average in recent years. The paper concludes with a brief discussion of the implications of EC current developments as 1992 approaches for the viability of existing exchange rate policies in the Nordic EFTA countries.
主题International Macroeconomics
关键词Devaluation Exchange rates Nordic countries
URLhttps://cepr.org/publications/dp377
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/529532
推荐引用方式
GB/T 7714
Thorvaldur Gylfason. DP377 Exchange Rate Policy, Inflation and Unemployment: The Experience of the Nordic EFTA Countries. 1990.
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